INTERNATIONAL: $1,000,000 Worth of Confidence

INTERNATIONAL

$1,000,000 Worth of Confidence

As the second month of the Naval Conference drew toward a close, last week, Prime Minister James Ramsay MacDonald announced that it had safely passed through what he called the "first stage," the stage in which "confidence" must be established among the delegations and was now entering the second stage "when on account of the established confidence we can discuss actual program." So well pleased with such progress was Mr. MacDonald that he cried: "If I talk with a feeling of buoyancy,...

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